UPDATE: Multi-Million-Dollar Downtown Development Takes Shape

KEYC – Mankato News, Weather, Sports
Date: Thursday, February 26, 2015
Updated: Friday, August 21, 2015

Several projects in downtown Mankato are either finishing up or just beginning construction.

Those projects are changing the look in the center of the city.

For nearly thirty years, Mr. Monogram has been located in downtown Mankato.

Owning the business for the past decade Owen Dundas has seen the area around his shop change for the better.

Dundas says, “The fact that we’re doing this renovation and making changes and trying to invite more people downtown. I just think that it’s going to lead to good things.”

Right across the street, the Tailwind Group has just started construction on The Residences of 518. The facility is to used for both retail and living spaces.

Reggie Reed, the director of operations for Tailwind Group says, “For 518 some residential leases are already signed up. It looks like the demand is definitely there. Our lease agents are busy working on that.”

Dundas says, “It’s going to be exciting to see. There’s going to be new tenants in there and hopefully that’s going to lead to more business for us and our neighbors.”

Around the corner, the new tower changing Mankato’s skyline is wrapping up final touches as new tenants will be moving into Profinium Place within the next 30 days.

Reed says, “It was planned for January of 2015 when we said we could provide them with their personal space. Now it’s up to them to finish it off. Each tenant space is based upon their own timeline based upon what their move–in day is.”

Dundas says, “It’s really amazing to see how quickly that’s come together.”

Reed says, “I think this town will be positively unrecognizable in the next couple of years.”

The first tenant in Profinium Place is the accounting firm, Abdo, Eick and Meyers. They’ll be moving in next month.